AT&T to buy Leap Wireless for $1.19 bln in cash

July 12 Fri Jul 12, 2013 5:13pm EDT

July 12 (Reuters) - AT&T Inc said it would buy wireless service provider Leap Wireless International Inc for $1.19 billion in cash.

AT&T will offer $15 per Leap share, a premium of 88 percent to Leap's Friday closing price of $7.98.

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